Insurance News

Blockchain insurtech Galileo Platforms raises $2m Series A

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Hong Kong-based Galileo Platforms is building a B2B insurance policy administration system on a blockchain. Today it announced a US$2 million Series A funding led by Greenlight Re. The company was founded by two Australians with deep insurance experience in Asia. Chairperson Annette King is a qualified Actuary who was with Manulife for more than five years including as CEO of the Singapore subsidiary. Before that, she was with Axa in Singapore and Mercer in Australia. CEO Mark Wales spent the 13 years before Galileo with Deloitte, Capgemini, ABN AMRO, and ING mainly in Hong Kong. He’s one of the most articulate executives that Ledger Insights has interviewed.

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